Common Vocab 2 Flashcards
Affluent
Wealthy; having a lot of money.
Arduous
Difficult and tiring.
Bureaucracy
A system of government or management with rigid procedures.
Capitalism
An economic system where private individuals own businesses.
Collateral
Something pledged as security for repayment of a loan.
Consensus
General agreement among a group.
Deficit
When expenses exceed income.
Demographic
A statistical view of a population.
Entrepreneur
Someone who starts a business.
Equity
Ownership or fairness (depends on context).
Fiscal
Relating to government revenue and taxes.
Frugal
Economical; not wasteful.
Incentive
Something that motivates action.
Leverage
The use of borrowed capital for investment.
Liability
A financial or legal responsibility.
Logistics
The planning and execution of complex operations.
Monopoly
Exclusive control over a product or service.
Negotiation
Discussion aimed at reaching an agreement.
Outsource
To delegate work to an external source.
Quota
A fixed share or limit.
Recession
A period of economic decline.
Revenue
Income generated from business or taxes.
Scalability
The ability to grow without losing performance.
Stakeholder
Anyone affected by a decision or project.